Thursday Ticker.

Four-wheel Mercedes: Mercedes-Benz AG said it plans to...

May 05, 1994

Four-wheel Mercedes: Mercedes-Benz AG said it plans to build a new sport-utility vehicle at the company's new U.S. plant. In a statement marking the groundbreaking for the plant in Tuscaloosa, Ala., Mercedes said the vehicle will have four-wheel drive and offer "flexible uses." Production is scheduled to begin in 1997. Mercedes estimates the Tuscaloosa plant will have an annual capacity of 60,000 to 70,000 cars and will employ 1,500.